Salta, Wolf Capital, unveil 14-storey apartment tower at the top of Hoddle Street

The Victorian Civil and Administrative Tribunal approved the 14-level building, apartments of which are now being marketed for pre-sale.

Construction of a second major apartment building at the
top of Hoddle Street could begin shortly.

Joint venture partners Salta Properties and Wolf Capital this week launched a marketing campaign spruiking the proposed 14-storey Fitzroy North complex to be known as 249QP.

Wulff Projects will be the development manager.

With ground floor retail, the tower will rise next door to the 11-level, 76-unit Patch Apartments complex, which another local builder, Goldfields Group, recently completed.

Salta acquired the 249-265 Queens Parade site earmarked for 249QP five years ago in two parts, and with a consortium of private investors including James Wilson, a member of the Reece Plumbing family.

The Victorian Civil and Administrative Tribunal had to approve the high-rise proposal after it was objected by the City of Yarra council (and locals, some who have commented on this website about the development).